Content by Tracy Kitten

Will Faster Payments Mean Faster Fraud?

Tracy Kitten  •  November 7, 2016

Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?

Tough Federal Cybersecurity Standards for Big Banks Proposed

Tracy Kitten  •  October 19, 2016

In the wake of cyberattacks, federal regulators are proposing tough new standards designed to bolster cybersecurity at the nation's largest banking institutions.

Critics Blast New York's Proposed Cybersecurity Regulation

Tracy Kitten  •  October 14, 2016

In January, banks and other financial services companies based in New York may have to comply with tough new cybersecurity requirements. But some critics contend that the state's regulatory proposal is far too prescriptive, making it challenging for banking institutions, especially smaller ones, to comply.

Mitigating Fraud Risks for Same-Day ACH

Tracy Kitten  •  September 28, 2016

In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.

Helping Police Solve Cybercrimes

Tracy Kitten  •  September 19, 2016

Because many law enforcement agencies lack cybercrime expertise, it's important for companies that have been attacked to provide as much technical and forensic information as possible to authorities to help ensure that investigations lead to arrests and prosecutions, a panel of experts says.

Toronto Summit - Closing Panel and Look Ahead

Presented by Tracy Kitten , Richard Parry , Randy Sabett , Robert Schwentker , Michael Theis  •  September 9, 2016

This panel will review some of the key themes discussed during the first day of the summit, and foreshadow how those key themes and others will be carried over into the next day. Which sessions will be hot, and how will tomorrow's speakers expand on the topics raised today?Additional Summit Insight:Hear from more...

Analysis: SWIFT-Related Heists: Who's to Blame?

Tracy Kitten  •  August 22, 2016

A Reuters report claiming executives at SWIFT for years neglected the security of its messaging system has stirred debate among security and anti-fraud experts. Who should take the lead role for security of bank-to-bank transactions - SWIFT or its member banks?

Recent POS Attacks: Are They Linked?

Tracy Kitten  •  August 16, 2016

Is the recent breach at HEI Hotels & Resorts linked to the hack of POS systems provider MICROS? And have other POS vendors been breached as well? Security experts offer their analysis and size up vendor vulnerabilities.

How PCI Acceptance Has Improved Security

Tracy Kitten  •  August 15, 2016

It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?

Fighting for Jurisdiction Post-Breach

Tracy Kitten  •  August 12, 2016

In today's environment, federal and state regulators come at breached companies from all angles, with requests for investigative information, breach response plans and fines. Attorney Deborah Gersh explains why so many agencies stake their claims in breach response.

Social Media Plays Key Role in Bank Fraud

Tracy Kitten  •  August 3, 2016

Swindlers trolling social media sites for customers' personally identifiable information play a critical role in facilitating banking fraud, says American Bankers Association economist Jane Yao.

Interbank Payments: Attackers' New Target

Tracy Kitten , Geetha Nandikotkur  •  August 1, 2016

The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.

CEO Fraud: Lessons From an Attack

Tracy Kitten  •  July 28, 2016

CEO fraud campaigns are becoming far more common. A recent attack against our company was deflected because of the alertness of a staff member who received a fraudulent wire transfer request, illustrating why well-informed employees truly are the best lines of defense against these schemes.

SWIFT Heists: The New Account Takeovers?

Tracy Kitten  •  July 25, 2016

An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.

SEC Prepares for More Cybersecurity Oversight

Tracy Kitten  •  July 21, 2016

Leading U.S. banks, and other publicly traded companies, should expect increased cybersecurity scrutiny from the Securities and Exchange Commission. Here's why.